TUI has again repaid state aid from the Corona programme and also further reduced its credit lines. Silent Participation II of 671 million euros was repaid in full, plus interest due, to WSF (Economic Stabilisation Fund).
TUI’s Supervisory Board is appointing the current Chief Financial Officer Sebastian Ebel as the new Chairman of the Executive Board as of 1 October.
The Hanover Local Court has appointed Helena Murano and Christian Baier as members of the Supervisory Board of TUI AG. Both succeed Alexei Mordashov and Vladimir Lukin, who resigned from their Supervisory Board mandates at the beginning of March. Christian Baier will also become a member of the Audit Committee.
The TUI Care Foundation has recently become winners of two Gold and one Silver Award at the WTM Responsible Tourism Awards. The awards recognise their work around the world for programmes that supported sustainable tourism businesses during the pandemic in Africa and Latin America.
TUI Group, one of the world’s leading tourism groups, has revamped, expanded and relaunched the TUI Collection, one of the largest portfolios of original, branded experiences in the travel industry. The relaunch continues the Group’s strategic focus on tours and activities as a key growth pillar and supports the ongoing expansion of TUI’s digital platform for experiences.
TUI is raising capacity to Turkey this summer to 1.5m guests to resorts in Antalya, Izmir, Bodrum and Dalaman. The group also plans to further grow capacity across all markets for summer 2023.
Tui Group has said it is “well positioned” for the post-Covid-19 period and expects a stable business development for 2022, especially during the summer season.
Tui Group has terminated the brand use agreement with Tui Russia. However, the Germany-based company was quick to clarify Tui Russia is not a company of the wider group.
As the financial fallout from the Russian invasion of Ukraine continues, Tui Group has been informed that the ownership of its shareholder Unifirm has changed.
Alexey Mordashov has resigned his position on the supervisory board of Tui Group after being sanctioned by the European Union. He is the largest shareholder in the holiday giant.
Alexey Mordashov, the largest shareholder in Tui Group, has been sanctioned by the European Union. By some estimates he is the second richest man in Russia.